All of the following are recognized lease structures or leasehold estates EXCEPT
Correct Answer
D) Special warranty deed
Gross lease, percentage lease, and periodic tenancy are leasing concepts. A special warranty deed is a transfer instrument.
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- → For the Kentucky state portion, how should a candidate analyze tenant security deposits will be collected?
- → A licensee in Iowa encounters security deposits and prepaid rents are part of the management relationship. What should the licensee remember?
- → A commercial landlord offers a new tenant a rent-free period of three months at the beginning of a five-year lease. What is this incentive commonly called?
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- → What is a 'triple-net lease' (NNN) in commercial real estate?
- → A retail tenant has a percentage lease with a base rent of $2,500 per month and pays 5 percent of annual gross sales over a $400,000 breakpoint. The tenant's annual gross sales are $600,000. What is the tenant's total annual rent?
- → What is a 'ground lease' in commercial real estate?
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Previous Question
A national clothing retailer signs a mall lease requiring $5,000 monthly base rent plus 6% of gross sales above a natural breakpoint of $83,333 per month. In a December holiday month, the store rings up $150,000 in sales and the landlord receives $5,000 in base rent plus an additional $4,000 calculated as 6% of the amount above the breakpoint, for $9,000 total. In slow months when sales never cross the breakpoint, the landlord receives only the base rent. Which lease structure did the retailer and landlord enter?
Next Question
Which of the following is NOT a tenancy defined by how long possession lasts?